Title:On the Signaling and Feedback Effects of Umbrella Branding
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Author(s):THAL, JeanineDate:2007Type:Working PaperSeries/Number:EUI MWP; 2007/13Abstract:I consider an adverse selection model of product quality to analyze a firm's incentives to sell different products under an umbrella brand. My main result is that umbrella branding can signal positive quality correlation ...

Title:Optimal Debt Bias in Corporate Income Taxation
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Author(s):SIMON, JennyDate:2012Type:Working PaperSeries/Number:EUI MWP; 2012/13Abstract:I present a rationale for a government to discriminate between debt and equity financing when taxing corporate income. For risk-averse entrepreneurs, equity generates more surplus than debt, because it provides financing ...

Title:Optimal Pre-Announced Tax Reform Revisited
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Author(s):TRABANDT, MathiasDate:2007Type:Working PaperSeries/Number:EUI ECO; 2007/52Abstract:Domeij and Klein (2005) have shown that the welfare gains of an optimal capital and labor income tax reform decline the longer the reform is pre-announced before its implementation. In other words, pre-announcement is ...

Title:Optimal redistribution with a shadow economy
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Author(s):DOLIGALSKI, Pawel; ROJAS, Luis E.Date:2016Citation:Florence : European University Institute, 2016Type:Working PaperSeries/Number:EUI ECO; 2016/11Abstract:We examine the constrained efficient allocations in the Mirrlees (1971) model with an informal sector. There are two labor markets: formal and informal. The planner observes only income from the formal market. We show that ...